Global Compact Network Singapore

Thought Leadership

Ask the Expert: Integrated Reporting vs Sustainability Reporting

Wong Dan Chi, Senior Consultant, Paia Consulting

Just as companies are coming to terms with understanding sustainability reporting and Global Reporting Initiative (GRI) guidelines, out comes a new framework: Integrated Reporting <IR>.

We set out the key points you need to know about Integrated Reporting. For simplicity, we use the term “sustainability” here in the context of sustainability reporting, focusing on long-term economic, environmental and social considerations.

Read more: Ask the Expert: Integrated Reporting vs Sustainability Reporting

Ask the expert: Environmental sustainability and the SMEs

Florian Beranek, Chief Technical Advisor CSR of the United Nations Industrial Development Organisation in Vietnam

Question
“Rising sea-levels, stronger typhoons, frequent flooding, heavy rain and long lasting droughts – what has these global weather phenomenon got to do with my small company? Isn’t the issue of climate change is for the world leaders to solve?”

Your company is not working in a vacuum - you are working in our environment. You are using raw materials, energy and water. Your valuable work might also lead to waste and emissions. You must also consider the before and after: All your raw materials are coming from somewhere. So think about what happened before you received them. Your products might also cause damage to the environment and people when they are used or disposed of.

Read more: Ask the expert: Environmental sustainability and the SMEs

Ask the Expert: Four Elements of Successful Sustainability Reporting

Christian Bustamante, Senior Consultant, PAIA Consulting 

We get multiple requests from clients asking us which organisations to look up to as leaders delivering excellent sustainability disclosure. Our response has been to refer them to leading global companies, such as those with consistently high rankings in sustainability indices (DJSI, Global 100, etc) or to recipients of sustainability awards-giving bodies (ACCA, Corporate Register, etc.).

However, whilst these organisations deserve high regard, firms desiring to emulate these sustainability leaders may find limitations in adopting their good practices because of the following differences: geographical context, business model, political environment and/or culture.  Hence, it is important for companies to also look “across” to their local peers.

Read more: Ask the Expert: Four Elements of Successful Sustainability Reporting

Which Direction

Singapore Compact